Global stocks ease on China, Fed concerns; oil rallies
World stock indexes edged lower on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates, while oil prices rallied.
Ratings Agencies Say Ukraine Debt Writedown Same As Default
Top ratings agencies say they see the debt restructuring deal Ukraine struck with creditors this week as tantamount to a default.
China passes new pollution law, sets sights on coal consumption cap
Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption, the Asian giant's biggest source of smog.
Greek bail-out spadework must continue ahead of election
The head of the council of euro zone finance ministers said Greece's interim government should continue preparing to meet its creditors' conditions for a bail-out during the run-up to the country's election so its successor wastes no time.
Exporters run for high ground as China growth story unravels
The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.
Market turmoil makes September rate hike 'less compelling': Fed's Dudley
An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.
Global stock markets diverge, commodities fall as China jitters persist
Wall Street advanced on Wednesday while European shares and commodities fell as investors balanced strong U.S. economic data and policy comments with fears about China's slowing economy.
China oil rig to keep drilling in waters disputed with Vietnam
A Chinese oil rig at the center of last year's standoff between China and Vietnam will continue drilling not far from Vietnam's coast, China's maritime safety authorities said on Tuesday.
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